BE Semiconductor Industries (OTCMKTS:BESIY) Stock Breaks Below 200-Day Moving Average – Here’s What Happened

BE Semiconductor Industries NV (OTCMKTS:BESIY) shares crossed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $267.83 and traded as low as $213.0925. BE Semiconductor Industries shares last traded at $216.69, with a volume of 12,323 shares traded.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Zacks Research lowered BE Semiconductor Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 25th. Morgan Stanley reaffirmed an “overweight” rating on shares of BE Semiconductor Industries in a research note on Tuesday, September 8th. Finally, Berenberg Bank upgraded BE Semiconductor Industries from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, BE Semiconductor Industries currently has a consensus rating of “Moderate Buy”.

BE Semiconductor Industries Trading Up 6.9%

The company’s 50-day moving average is $231.31 and its 200-day moving average is $267.58. The firm has a market cap of $16.80 billion, a price-to-earnings ratio of 75.95 and a beta of 1.99. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.73 and a current ratio of 4.28.

BE Semiconductor Industries (OTCMKTS:BESIY) last announced its quarterly earnings data on Thursday, July 23rd. The technology company reported $1.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.01). BE Semiconductor Industries had a return on equity of 46.44% and a net margin of 28.42%.The company had revenue of $290.52 million for the quarter, compared to the consensus estimate of $285.58 million. On average, research analysts predict that BE Semiconductor Industries NV will post 4.83 earnings per share for the current year.

BE Semiconductor Industries Company Profile

BE Semiconductor Industries N.V. (Besi) is a Netherlands-based manufacturer of semiconductor assembly equipment. The company develops and supplies systems used to assemble, package, and finish semiconductor devices after wafer fabrication.

Besi’s product portfolio includes die-attach equipment, packaging systems, molding and singulation equipment, plating systems, and related solutions for advanced semiconductor packaging. Its technologies support applications such as flip-chip, wafer-level packaging, thermo-compression bonding, and hybrid bonding, which are used in electronics, communications, automotive, computing, and other semiconductor markets.

Founded in 1995 and headquartered in Duiven, the Netherlands, Besi serves semiconductor manufacturers and assembly and test providers worldwide.